A Crying Economy in a Bleeding State

2022 ◽  
pp. 273-297
Author(s):  
Uzoma Vincent Patrick Agulonye ◽  
Daniel Adayi
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Dissipative Structures ◽  
The State ◽  
Local Economies ◽  
Individual Group ◽  
Group Interests

Nigeria's multi-ethnic, multi-cultural, and multi-ideological nature is a complexity that should spur a synergy for development in all spheres. The theory of dissipative structures employed suggests that. Contrarily, the pursuit of individual group interests to the detriment of others leads to entropy that dissipates development and economic growth that its population needs. Ethnic and religious militia emerged in response to such problems and threats that has brought in consistent loss of lives and properties which whip the economy and country leaving the state bleeding. Militia internationalisation are important factors discussed as well. This chapter looks at the factors behind the emergence of these militias and the consequences their activities have on local economies of their regions and the national economy.

The Developmental Trading State

2017 ◽  
Author(s):  
Alex J. Bellamy
Keyword(s):  
Economic Growth ◽  
East Asia ◽  
National Economy ◽  
East Asian ◽  
The State ◽  
State Model ◽  
Principal Function ◽  
Mass Violence ◽  
The Way

This chapter demonstrates that the downwards pressure that state consolidation placed on mass violence was amplified by the type of state that emerged. Across East Asia, governments came to define themselves as “developmental” or “trading” states whose principal purpose was to grow the national economy and thereby improve the economic wellbeing of their citizens. Governments with different ideologies came to embrace economic growth and growing the prosperity of their populations as the principal function of the state and its core source of legitimacy. Despite some significant glitches along the way the adoption of the developmental trading state model has proven successful. Not only have East Asian governments succeeded in lifting hundreds of millions of people out of poverty, the practices and policy orientations dictated by this model helped shift governments and societies away from belligerent practices towards postures that prioritized peace and stability. This reinforced the trend towards greater peacefulness.

scholarly journals ENSURING THE ECONOMIC SECURITY OF THE STATE IN INSURANCE PROCESSES

2020 ◽  
pp. 198-202
Author(s):  
І. В. Ліченко
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Private Insurance ◽  
Economic Security ◽  
The State ◽  
Sustainable Growth ◽  
Insurance Companies ◽  
Government Agencies ◽  
External Threats ◽  
National Institutions

In the current conditions of instability of the national economy and tense geopolitical situation, one of the key factors contributing to the realization of national interests and priorities of Ukraine is economic security. Which characterizes a state of the economy in which the economic interests of the enterprise, region, state and society are reliably protected from internal and external threats. The development of integration processes in the world community contributes to the economic growth of the state, however, like any development process, it faces a number of negative factors and risks that pose a threat to economic security. Given the complexity of the processes in domestic and foreign policy, the majority of the population is unsure of their future. The global crisis has revealed serious shortcomings in the mechanism for managing the economic security of the state and domestic economic entities, which has been reflected in declining economic growth, gross domestic product, rising unemployment and other indicators. As a result, there is a growing focus on security and risk management tools at the macroeconomic level, as well as their effectiveness in the national context. The article examines the mechanisms of ensuring the economic security of the state in the insurance process, which are crucial factors for sustainable growth and functioning of the national economy as a whole. Various areas are considered: ensuring the safety of policyholders, private insurance companies, national institutions (government agencies, organizations). The article examines the mechanisms for ensuring the economic security of the state in the insurance process, which are the most important components of stable growth and functioning of the national economy as a whole. Various areas are considered: ensuring the safety of insured persons, private insurance companies, national institutions (government agencies, organizations). The economic security of the state must be ensured, first of all, by the efficiency of the economy itself, that is, along with the protective measures taken by the state, it must protect itself on the basis of high productivity, product quality and more.

scholarly journals Financial System of Russia: Approaches to Assessment of Impact on the National Economy

2020 ◽  
pp. 072-082
Author(s):  
A. V. Lebedev ◽  
◽  
E. A. Razumovskaya ◽  
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Financial System ◽  
The State ◽  
The Russian Federation ◽  
Main Factors ◽  
The Impact ◽  
Qualitative Characteristics ◽  
Qualitative Changes

An attempt is made to analyze the Russian financial system based on the existing international OECD methodology according to the Central Bank of Russia. The modern controversial views on the concepts of the impact of the financial system on economic growth, existing in the world financial science, are presented. The fundamental theories of economic growth in the format of production functions and the author’s interpretation of macroeconomic identity are presented; the role of labor and capital in economic growth, as the main factors subject to qualitative changes to the greatest extent, is noted. As an intermediate result for the analysis of the financial system of the Russian Federation, a coefficient is proposed that allows one to potentially analyze the influence of the qualitative characteristics of the state of the financial system on the socio-economic development of the national economy. The hypothesis about the influence of the financial system on the state of the national economy has been confirmed.

scholarly journals Institutional environment of budgetary regulation of social development

2019 ◽  
pp. 196-204
Author(s):  
Serhii Sobchuk
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Fiscal Policy ◽  
Social Development ◽  
National Economy ◽  
Institutional Environment ◽  
The State ◽  
Financial Globalization ◽  
Budget Policy ◽  
Sustainable Economic Growth

Relevance of the research topic. The search for new sources of economic growth at the stage of post-crisis development of the national economy determines the need for the development and implementation of an effective budget policy, since the financial system dysfunctions generated by the trends of financial globalization negatively affect the economic environment of the country. The change in the type of economic growth constitutes the necessity of modifying the budget regulation towards its proactive changes, which include transparency, effective tax incentives and increased availability of financial resources by improving existing methods and methods for implementing fiscal policy and improving the quality of the institutional environment. Formulation of the problem. Budgetary regulation needs to take into account the optimal balance between elements of the budget system and characteristics of cyclic economic development. This indicates the appropriateness of forming an institutional environment of fiscal policy, which should be aimed at ensuring the sustainable development of the national economy, promoting economic competitiveness, ensuring financial stability, effective protection of the domestic market and export support, infrastructure modernization, ensuring environmental protection, optimizing social protection of the population. and increasing its level and targeting. Analysis of recent research and publications. The work of foreign and domestic scholars such as A. Mazaraki [1], L. Lisyak [2], D. North [3], V. Makogon [4], M. Pasichnogo [5], I. Chugunova [6], S. Blankart, A. Smith, J. M. Keynes, A. Gritsenko, I. Zapatrina, I. Lukyanenko, I. Lyutoha, V. Fedosova, S. Yurii and others, are devoted to studying the institutional principles of fiscal policy making in the country and to improve the system of budgetary regulation of social development. Selection of unexplored parts of the general problem. Institutional transformation of fiscal policy is an effective tool for increasing the level of interaction between all members of budget relations. It is necessary to strengthen their coordination in achieving the goals of social development in the process of performing functions and tasks, in accordance with the strategic goals of the domestic economy. Setting the task, the purpose of the study. The objective of the study is to characterize the institutional environment of the state budget policy. The purpose of the study is to reveal the theoretical and methodological foundations for the formation of the institutional environment of budgetary regulation of social development and to identify the directions of its improvement. Method or methodology for conducting research. The article uses a set of methods and approaches of scientific knowledge, among which it should be noted: systematic, structural, generalization and scientific abstraction. Presentation of the main material (results of work). The peculiarities of formation of the institutional environment of budget regulation of social development are determined. The directions of increasing the institutional interaction of the components of the budget system in the conditions of the transformation of the economy are singled out. The main elements of the budget architectonics are described to achieve a balanced and sustainable socio-economic development of the state. The field of application of results. Organization and conducting of scientific researches on formation of institutional principles of the budget policy of the country. Conclusions according to the article. In order to ensure sustainable economic growth, it is expedient to determine the basic principles of forming an institutional environment for budget regulation of social development, consisting of combining the components of the adaptive institutional architecture of the budgetary system and instruments of fiscal regulation, optimizing the structure of budget revenues and expenditures, the system of intergovernmental fiscal relations and medium-term budget planning, and forecasting on the basis of establishing the relationship between the trends of financial globalization and priorities state financial policy, taking into account the volatility of the economy and the lagged effects will promote sustainable economic growth.

REGIONAL ASPECTS OF THE EFFECTIVENESS OF THE SPHERE OF HIGHER EDUCATION

2021 ◽  
Author(s):  
Наталия Александровна Иванова
Keyword(s):  
Higher Education ◽  
Economic Growth ◽  
Education System ◽  
National Economy ◽  
The State ◽  
Social Stability ◽  
Economic Sectors ◽  
Higher Education System ◽  
Level Of Training ◽  
Existing Structure

В статье рассматриваются вопросы образования, имеющие сложную иерархическую структуру, ключевым сегментом которой является высшее образование. В последнее время акцент делается именно на его инновационные составляющие. Эффективное функционирование системы высшего образования выступает стратегической задачей государства на всех уровнях его развития, от решения которой зависят и социальная стабильность, и экономический рост, и, как следствие, повышение конкурентоспособности национальной экономики. Новизной исследования является определенный разрыв между потребностями отраслей экономики, сложившейся структурой специальностей высшего образования и уровнем подготовки специалистов. В этой связи система высшего образования в контексте инновационных тенденций его развития требует особого внимания как со стороны государства, так и со стороны населения и бизнеса. The article deals with education issues that have a complex hierarchical structure, the key segment of which is higher education. Recently, the emphasis has been placed on its innovative components. The effective functioning of the higher education system is a strategic task of the state at all levels of its development, on the solution of which both social stability and economic growth depend, and, as a consequence, an increase in the competitiveness of the national economy. The novelty of the research is a certain gap between the needs of economic sectors, the existing structure of higher education specialties and the level of training of specialists. In this regard, the system of higher education in the context of innovative trends in its development requires special attention from both the state and the population and business.

FINANCIAL RESOURCES OF HOUSEHOLDS AS A COMPONENT OF ECONOMIC GROWTH OF THE NATIONAL ECONOMY

2017 ◽  
Author(s):  
Olga Kremen ◽  
◽  
Viktoriia Kremen ◽  
Anastasiia Kulsha ◽  
Ielyzaveta Vakhnenko ◽  
...  
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Inverse Relationship ◽  
Correlation Coefficients ◽  
The State ◽  
Financial Resources ◽  
Public Confidence ◽  
Household Savings ◽  
State Budget ◽  
The Impact

The financial resources of households, provided they are involved in the financial sector, can be a significant basis for investment, production development, and economic growth. The purpose of the article is to identify the impact of forming investment potential based on the population's savings to ensure the economic growth of the national economy. The composition, size, and structure of households were analyzed in the work. The amount of household savings is mostly influenced by the demographic situation and the number of households. During 2010-2018, the average household size in Ukraine did not change significantly. It amounted to 2.58 people, while the number of households decreased significantly to 2064.4 thousand, reduce the share of people living in urban settlements. In 2019, the downward trend in households' number was maintained with the same structure of urban and rural households. The correlation coefficients calculated in the process of the correlationregression analysis show that there is a very close direct relationship between the volume of savings and expenditures of households and GDP, the volume of sold industrial products, revenues and expenditures of the state budget; there is a moderate inverse relationship between household savings and expenditures and government budget imports and deficits; there is a weak inverse relationship between household savings and expenditures and public debt. Ukraine has objective preconditions for the formation of household savings and their transformation into investments. The main tasks for increasing the role of household savings in the growth of the national economy are the following: to restore public confidence in financial institutions; strengthening the institutional protection of savings by maintaining the liquidity of banking institutions, and ensuring the functioning of the state deposit guarantee system; ensuring the development of the savings market as a socio-economic mechanism for mobilizing the population's money savings and transforming them into investments for the national economy.

scholarly journals PROVISION OF INSURANCE PROCESSES IN UKRAINE BY LAW ENFORCEMENT AUTHORITIES

2020 ◽  
Vol 2 (4(106)) ◽  
pp. 170-176
Author(s):  
М. Я. Стрипко
Keyword(s):  
Economic Growth ◽  
Law Enforcement ◽  
National Economy ◽  
Private Insurance ◽  
Economic Security ◽  
The State ◽  
Insurance Companies ◽  
Government Agencies ◽  
Law Enforcement Agencies ◽  
National Institutions

The relevance of the article is that in today's conditions of instability of the national economy in the field of insurance, one of the key factors contributing to the national interests and priorities of Ukraine is economic security, which characterizes the state of the economy in which economic interests are reliably protected from internal and external threats. The development of integration processes in the world community contributes to the economic growth of the state, however, like any development process, it faces a number of negative factors and risks that pose a threat to economic security in the field of insurance. The global economic crisis has revealed serious shortcomings in the mechanism for managing the economic security of the state and domestic economic entities, which has been reflected in declining economic growth, gross domestic product, rising unemployment and other indicators. As a result, there is a growing focus on security and risk management tools at the macroeconomic level, as well as their effectiveness in the national context. World experience shows that ensuring economic security is a guarantee of state independence, a condition for stability and efficiency of society, and success. Therefore, ensuring economic security in the field of insurance is one of the most important national priorities. The article examines the mechanisms for ensuring insurance processes by law enforcement agencies, which are the basis for sustainable growth and functioning of the national economy as a whole. Various areas are considered: ensuring the safety of policyholders, private insurance companies, national institutions (government agencies, organizations). The article examines the mechanisms for ensuring insurance processes by law enforcement agencies, which are the basis for the growth and functioning of the national economy as a whole. Various areas are considered: ensuring the safety of insured persons, private insurance companies, national institutions (government agencies, organizations).

scholarly journals Directions of the state policy for intensification of bank lending development in the context of overcoming financial imbalances and ensuring structural reforms in Ukraine’s economy

2021 ◽  
pp. 4-12
Author(s):  
Taras G. Vasyltsiv ◽  
Yaroslav M. Antonyuk ◽  
Yaroslav P. Berezivskyi
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
National Economy ◽  
State Policy ◽  
Structural Changes ◽  
Bank Lending ◽  
The State ◽  
The Other ◽  
Other Hand ◽  
The One

The purpose of the article is to identify shortcomings and substantiate the directions of the state policy to intensify the development of bank lending in the context of overcoming financial imbalances and ensuring structural reform of the national economy of Ukraine. Methods. The research is based on general scientific methods and approaches, system approach, general logical research methods (analysis, synthesis, generalization and comparison), the method of strategic management. Results. The article shows the conceptual relationship between bank lending to the economy and economic growth along with a structural economic reform. The key indicators of volumes, structure and tendencies of bank lending development, as well as measures of distribution of bank lending to the economy are analysed. Conclusions concerning sufficiency of bank lending for its proper contribution to the development of the real sector of the national economy are made. The current research describes the shortcomings of the structure of Ukraine’s economy formed at the current stage of socio-economic development of the country, which, in fact, are systemic obstacles to the restoration of economic growth and modernization of the social sphere of Ukraine. Strategic directions and means of the state policy for bank lending development are identified. Their implementation is supposed to intensify the bank lending to the economy and the consumer sector, on the one hand, and provide a positive impact of these processes on intensifying structural changes in the national economy, on the other hand. The structural scheme of reforming the institutional and legal mechanism of the state policy for bank lending development in Ukraine has been developed. The expected structural changes in the system of the national economy are determined, on which the development of bank lending in Ukraine is focused. Practical contribution. The implementation of the proposed measures at the level of the National Bank of Ukraine and the Ministry of Economic Development, Trade and Agriculture of Ukraine will stimulate banks, on the one hand, and businesses, on the other hand, to increase bank lending to the economy, in particular in those sectors having a positive effect on the key structural characteristics of the economy, such as development of strategic industries, de-shadowing, growth of innovation activity, the overall strengthening of the economic competitiveness. Prospects for further research. The obtained results are the basis for modelling and forecasting the implications for the state policy for intensification of bank lending and providing necessary structural changes in the national economy.

ECONOMIC PREREQUISITES FOR FINANCIAL SECURITY

2020 ◽  
Vol 2 (11) ◽  
pp. 83-95
Author(s):  
V. I. MUNTIYAN ◽  
◽  
V. E. BOCHAROV ◽  
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Socioeconomic Development ◽  
System Analysis ◽  
The State ◽  
Point Of View ◽  
Financial Security ◽  
Present Stage ◽  
Historical Series ◽  
The Stability

The article deals with the development of the Russian financial system at the present stage, in conditions of uncertainty. The historical series of relations between reparations and Russia's economic growth is shown. From the point of view of system analysis, the author substantiates a set of measures to increase the stability of the national economy and ensure coordinated work of the financial and industrial spheres aimed at stimulating the socioeconomic development of the country. Special attention is paid to the problematic issues of ensuring the financial security of the state and suggested ways to solve them.

Manajemen Ekonomi Outopilot: Kegagalan Negara Mencari Identitas?

Liquidity ◽  
2018 ◽  
Vol 1 (2) ◽  
pp. 142-152
Author(s):  
Mukhaer Pakkanna
Keyword(s):  
Economic Development ◽  
National Economy ◽  
The State ◽  
Political Democracy ◽  
Economic Democracy ◽  
Quality Of Democracy ◽  
Economic Disparities ◽  
National Economic ◽  
Production And Distribution

Political democracy should be equivalent to the economic development of the quality of democracy, economic democracy if not upright, even the owner of the ruling power and money, which is parallel to force global corporatocracy. Consequently, the economic oligarchy preservation reinforces control of production and distribution from upstream to downstream and power monopoly of the market. The implication, increasingly sharp economic disparities, exclusive owner of the money and power become fertile, and the end could jeopardize the harmony of the national economy. The loss of national economic identity that makes people feel lost the “pilot of the state”. What happens then is the autopilot state. Viewing unclear direction of the economy, the national economy should clarify the true figure.

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